Bloomberg: Trump's election triggered a speculative boom in the crypto market, and DOGE rose by about 50% in the past five days

Recently, investors are enthusiastic about the prospects of the cryptocurrency industry under the leadership of US President-elect Trump, which has triggered a wave of speculation. A series of small cryptocurrencies have outperformed Bitcoin, among which Dogecoin (DOGE) has risen by about 50% in the past five days. In addition, ADA has risen by more than 60% during this period, driven by Cardano founder Charles Hoskinson's podcast to discuss plans to cooperate with Washington lawmakers. Meanwhile, Polygon (POL), Cosmos (ATOM), Solana (SOL) and Algorand (ALGO) have all exceeded Bitcoin's five-day increase of about 7%. Caroline Bowler, CEO of digital asset exchange BTC Markets Pty, said: "Rising tides lift all boats, and the rise of Bitcoin has spread to altcoins relatively quickly. The entire crypto industry is expected to be a net beneficiary of the Trump administration." (Bloomberg) Earlier, Charles Hoskinson has confirmed plans to work with the US government under Trump to help develop cryptocurrency legislation, with the goal of creating a clear regulatory framework for the industry.